116 Delaney Cir, Summerville, SC 29485
4 beds · 3 baths · 3,193 sqft
Beautiful home in an incredible setting in sought-after Ashborough East in Summerville. Light, bright and inviting. A fabulous floorplan great for entertaining and for how you live your life. Four bedrooms and 3 baths with generous living spaces to spread out. A welcoming front porch graces the front entrance. The gleaming hardwood floors on the main level were recently refinished. A designer color palette has been used throughout and much of the home is freshly painted. Kitchen and baths have been updated and new plush carpet is upstairs. Perfect for entertaining with a bright formal living room and lovely formal dining room, a fantastic kitchen and a spacious great room/gathering space. The great room is adjacent to the kitchen, opens to the sunroom and includes a gas fireplaceand built-ins. The wet bar in the great room features a stylish vessel sink, granite countertop, showcase shelves and storage below. The large cook's kitchen overlooks the beautiful back yard and the great room. You'll enjoy the kitchen with warm quartzite countertops, tile backsplash, center island with granite countertop, a 5 burner gas stove with chimney hood, wall oven and microwave, loads of storage in glowing wooden cabinets, and a generous amount of cabinet, pantry and countertop space. The 4th bedroom on the main level is presently used as an office. Upstairs at the landing is a large bonus room that would be a wonderful playroom, craft, hobby or media room and a separate laundry room that provides even more storage space. The primary bedroom is spacious and includes an en-suite bath with two separate vanities, glass enclosed shower, soaking tub and sizeable walk-in closet. Also upstairs are the 2nd and 3rd bedrooms with a connecting full bathroom. The sunroom showcases porcelain tile flooring and overlooks the private, fenced back yard. You'll love your outdoor spaces at this home. Beautiful mature grounds of the large 0.42 acre lot surround the home with fruit trees, blooming shrubs and more. The back yard offers even more space for entertaining with a patio, multi-level deck and pergola. The 2 car oversized garage has loads of space. The HVAC systems are new in 2021 and 2023. The gas tankless water heater was new in 2023. The lot is in an X flood zone, no flood insurance is required. On a lovely street in Ashborough East which has many community amenities: a pool, tennis courts, a community building, playground and Boat/RV storage. Community events are held throughout the year. In the popular Dorchester II school system. Close to shopping, restaurants and services. You'll love this home and this community! Don't miss it!
Source: CTAR #25009018
Source: CTAR #25009018
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.